To conserve the resources of the Company for future expansion, the
Board have decided not to recommend any dividend for the year under
review.

3. PERFORMANCE REVIEW

The performance of the Company during the current year has not improved
in comparison to previous year due to several reasons. Your Directors
are making all efforts to improve the performance of the Company
further in future.

4. LISTING OF EQUITY SHARES

The Equity Shares of your Company are presently listed on three Indian
Stock Exchanges viz. National Stock Exchange (NSE), Bombay Stock
Exchange (BSE) and Calcutta Stock Exchange (CSE).

Company''s shares are not traded in material volumes at stock exchanges
other than NSE and BSE. NSE and BSE account for more than 95% of the
traded volumes of the Company''s shares and have extensive networking of
trading terminals, which facilitates trading by Members/Investors.

Listing fees for the financial year 2014-15 have been paid to NSE, BSE
and CSE.

5. FIXED DEPOSITS

The Company has deposited the amount of outstanding matured deposits in
a separate account in terms of Company Law Board order dated 25th
August, 2005 to secure the depositors. The outstanding matured deposits
as on 31st March, 2014 was Rs. 76,440/- due to 5 no. of deposit
holders.

During the year under review, your Company has not accepted any
deposits within the meaning of Section 58A of the Companies Act, 1956
and the Rules made there under.

6. DIRECTORS

As per the provisions of the Article of Association of the Company,
Shri Pranab Chakraborty (DIN No. 03568360), retires by rotation at the
ensuing Annual General Meeting. Shri Tarak Nath Datta (DIN No.
01318581) and Shri Pranab Chakraborty, Directors of the Company, are
being appointed as Independent Directors for five consecutive years for
a term up to 31st March, 2019 as per the provisions of Section 149 and
other applicable provisions of Companies Act, 2013. The Company has
received a requisite notices in writing from members proposing their
appointment as Directors. The Board recommends their appointment as
Independent Directors.

Brief resume of the Directors seeking appointment/re-appointment,
nature of their expertise in specific functional areas and details of
their directorship and membership/chairmanship ofBoard Committees, as
stipulated under Clause 49 of the Listing Agreement, are provided in
the Report on Corporate Governance forming part of the Annual Report.

7. DIRECTOR''S RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors Responsibility Statement, it is
hereby confirmed:

a. That in the preparation of the accounts for the financial year ended
31st March, 2014, the applicable accounting standards have been
followed along with the proper explanation relating to material
departures;

b. That the Directors have selected such accounting policies and
applied them consistently and madejudgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state
of affairs of the Company at the end of the financial year and of the
profit of the Company for the year under review;

c. That the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1956, for safeguarding the assets of
the Company and for preventing and detecting fraud and other
irregularities;

d. That the Directors have prepared the annual accounts for the
financial year ended 31st March, 2014ona going concern basis.

8. AUDITORS'' REPORT

There are no items on which Auditors have commented which need further
explanation from the Board of Directors.

The Company has received letter from the Auditors to the effect that
their re-appointment, if made, would be within the prescribed limits
under the Companies Act, 2013 and they are not disqualified for re-
appointment. The Board recommends the appointment of the auditors from
conclusion of ensuing Annual General Meeting till the conclusion of
next Annual General Meeting.

10. EMPLOYEES

None of the employees were in receipt of remuneration in excess of the
limits specified under Section 217(2A) of the Companies Act, 1956 read
along with Companies (Particulars ofEmployees) Rules, 1975.

11. STATUTORY INFORMATION

The Company being basically in the financial sector, requirement
regarding the disclosure of particulars of conservation of energy and
technology absorption prescribed by the rules is not applicable.

12. FOREIGNEXCHANGE

The Company had no foreign exchange inflow or outflow during the year
under review.

13. CORPORATEGOVERNANCE

As per the Listing Agreement with the Stock Exchanges, the Company has
implemented the Code on Corporate Governance. The Corporate Governance
compliance certificate obtained from the Auditors of the Company is
attached to Report on Corporate Governance.

The Management Discussion and Analysis Report and the Report on
Corporate Governance are given in the annexure attached to this report.
The Board members and Senior management personnel have confirmed
compliance with the Code of conduct.

14. EMPLOYER EMPLOYEE RELATIONSHIP

The Company has maintained a cordial relationship with its employees,
which resulted in smooth flow ofbusiness operations during the year
under review.

15. ACKNOWLEDGEMENTS

Your Directors acknowledge the support and owe a debt of gratitude to
the Shareholders, Investors & Bankers. Your Directors are also thankful
to its clients for their continued faith and support reposed in them.
Last but not the least, your Directors'' place on record their sense of
appreciation for the valuable contribution made by the employees of the
Company.

The Directors have pleasure in presenting the Twenty-Ninth Annual
Report of the Company together with the Audited Accounts for the year
ended 31st March, 2013.

1. FINANCIAL HIGHLIGHTS

The working results of the Company for the year under review are given
below :

Year ended Year ended
31.03.2013 31.03.2012
(Rs) (Rs.)

Profit/(Loss) Before
Exceptional, Extraordinary

Items and tax (12,355,317) (9,053,350)

Less: Exceptional Items 10

Profit before Extraordinary
Items and Tax (12,355,317) (9,053,360)

Extraordinary Items 33,633,515 2,554,565

Profit before tax (45,988,832) (11,607,925)

Tax expenses- Deferred Tax (1,085,369)

Profit(Loss) for the period (45,988,832) (10,522,556)

2. DIVIDEND

To conserve the resources of the Company for future expansion, the
Board have decided not to recommend any dividend for the year under
review.

3. PERFORMANCE REVIEW

The performance of the Company during the current year has not improved
in comparison to previous year due to several reasons. Your Directors
are making all efforts to improve the performance of the Company
further in future.

4. LISTING OF EQUITY SHARES

The Equity Shares of your Company are presently listed on three Indian
Stock Exchanges viz. National Stock Exchange (NSE), Bombay Stock
Exchange (BSE) and Calcutta Stock Exchange (CSE).

Company''s shares are not traded in material volumes at stock exchanges
other than NSE and BSE. NSE and BSE account for more than 95% of the
traded volumes of the Company''s shares and have extensive networking of
trading terminals, which facilitates trading by Members/Investors.

Listing fees for the financial year 2013-14 have been paid to NSE, BSE
and CSE.

5. FIXED DEPOSITS

During the year under review, your Company has not accepted any
deposits within the meaning of Section 58A of the Companies Act, 1956
and the Rules made there under.

6. DIRECTORS

(i) Re-appointment :

As per the provisions of the Articles of Association of the Company,
Shri Tarak Nath Datta, retires by rotation and being eligible offers
himself for re-appointment. The Board recommends his re-appointment
for''consideration of the shareholders.

(ii) Appointment :

During the year Shri Pranab Chakraborty was appointed as an Additional
Director of the Company w.e.f. 17th April, 2013 under section 260 of
The Companies Act, 1956 and subject to the Articles of Association of
the Company to hold office up to the ensuing Annual General Meeting of
the Company and being eligible offer themselves for reappointment.

7. DIRECTOR''S RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors Responsibility Statement, it is
hereby confirmed :

a. That in the preparation of the accounts for the financial year
ended 31 st March, 2013, the applicable accounting standards have been
followed along with the proper explanation relating to material
departures:

b. That the Directors have selected such accounting policies and
applied them consistently and made judgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state
of affairs of the Company at the end of the financial year and of the
profit of the Company for the year under review;

c. That the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1956, for safeguarding the assets of
the Company and for preventing and detecting fraud and other
irregularities;

d. That the Directors have prepared the annual accounts for the
financial year ended 31 st March, 2013 on a going concern basis.

8. AUDITORS'' REPORT

There are no items on which Auditors have commented which need further
explanation from the Board of Directors.

9. AUDITORS

Messers. Shambhu Kedia & Co., Chartered Accountants, Auditors of the
Company, retire at the conclusion of the forthcoming Annual General
Meeting and have consented to continue in office, if appointed. They
have confirmed that their appointment, if made, will be in accordance
with the limits specified in Section 224(1 B) of the Companies Act,
1956.

10. EMPLOYEES

None of the employees were in receipt of remuneration in excess of the
limits specified under Section 217(2A) of the Companies Act, 1956 read
along with Companies (Particulars of Employees) Rules, 1975.

11. STATUTORY INFORMATION

"The Company being basically in the financial sector, requirement
regarding the disclosure of particulars of conservation of energy and
technology absorption prescribed by the rules is not applicable.

12. FOREIGN EXCHANGE

The Company had no foreign exchange inflow or outflow during the year
under review.

13. CORPORATE GOVERNANCE

As per the Listing Agreement with the Stock Exchanges, the Company has
implemented the Code on Corporate Governance. The Corporate Governance
compliance certificate obtained from the Auditors of the Company is
attached to this report.

The Management Discussion and Analysis Report and the Report on
Corporate Governance are given in the annexure attached to this report.
The Board members and Senior management personnel have confirmed
compliance with the Code of conduct.

14. EMPLOYER EMPLOYEE RELATIONSHIP

The Company has maintained a cordial relationship with its employees,
which resulted in smooth flow of business operations during the year
under review.

15. ACKNOWLEDGEMENTS

Your Directors acknowledge the support and owe a debt of gratitude to
the Shareholders, Investors & Bankers. Your Directors are also thankful
to its clients for their continued faith and support reposed in them.
Last but not the least, your Directors'' place on record their sense of
appreciation for the valuable contribution made by the employees of the
Company.

Registered Office: On behalf of the Board of Directors

10, Princep Street, For ATN International Limited

2nd Floor,

Kolkata - 700 072 (Santosh Kumar Jain) (Pranab Chakraborty)

Date : 30th May, 2013 Managing Director Director

Mar 31, 2011

Dear Shareholders

The Directors have pleasure in presenting the Twenty-Seventh Annual
Report of the Company together with the Audited Accounts for the year
ended 31st March, 2011.

1. FINANCIAL HIGHLIGHTS

The working results of the Company for the year under review are given
below :

To conserve the resources of the Company for future expansion, the
Board have decided not to recommend any dividend for the year under
review.

3. PERFORMANCE REVIEW

The performance of the Company during the current year has not improved
in comparison to previous year due to several reasons. Your Directors
are making all efforts to improve the performance of the Company
further in future.

4. LISTING OF EQUITY SHARES

The Equity Shares of your Company are presently listed on three Indian
Stock Exchanges viz. National Stock Exchange (NSE), Bombay Stock
Exchange (BSE) and Calcutta Stock Exchange (CSE).

Company's shares are not traded in material volumes at stock exchanges
other than NSE and BSE. NSE and BSE account for more than 95% of the
traded volumes of the Company's shares and have extensive networking of
trading terminals, which facilitates trading by Members/Investors.

Listing fees for the financial year 2010-11 have been paid to NSE. BSE
and CSE.

5. FIXED DEPOSITS

The Company has deposited the amount of outstanding matured deposits in
a separate account in terms of Company Law Board order dated 25th
August, 2005 to secure the depositors. The outstanding matured deposits
as on 31st March. 2011 was Rs. 4,54,000/- due to 31 no. of deposit
holders.

During the year under review, your Company has not accepted any
deposits within the meaning of Section 58A of the Companies Act, 1956
and the Rules made there under.

6. DIRECTORS

(i) Re-appointment:

As per the provisions of the Article of Association of the Company.
Shri Tarak Nath Dutta, retires by rotation and being eligible offers
himself for re-appointment. The Board recommends his re-appointment for
consideration of the shareholders.

(ii) Resignation

Shri Shiv Kumar Lakkar have resigned from Directorship of the Company
with effect from 5th April 2011 The Board places on record its
appreciation for the valuable contribution made by Shri Shiv Kumar
Lakkar during his tenure as Director of the Company.

7. DIRECTOR'S RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1956, with respect to Directors Responsibility Statement, it is
hereby confirmed :

a. That in the preparation of the accounts for the financial year
ended 31 st March, 2011, the applicable accounting standards have been
followed along with the proper explanation relating to material
departures;

b. That the Directors have selected such accounting policies and
applied them consistently and made judgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state
of affairs of the Company at the end of the financial year and of the
profit of the Company for the year under review;

c. That the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1956, for safeguarding the assets of
the Company and for preventing and detecting fraud and other
irregularities;

d. That the Directors have prepared the annual accounts for the
financial year ended 31st March, 2011 on a going concern basis.

8. AUDITORS' REPORT

All the items on which the Auditors have commented in their report have
been explained in Schedule -20 of Notes on Accounts.

9. AUDITORS

Messers. Shambhu Kedia & Co., Chartered Accountants, Auditors of the
Company, retire at the conclusion of the forthcoming Annual General
Meeting and have consented to continue in office, if appointed. They
have confirmed that their appointment, if made, will be in accordance
with the limits specified in Section 224(1 B) of the Companies Act,
1956.

10. EMPLOYEES

None of the employees were in receipt of remuneration in excess of the
limits specified under Section 217(2A) of the Companies Act. 1956 read
along with Companies (Particulars of Employees) Rules. 1975.

11. STATUTORY INFORMATION

The Company being basically in the financial sector, requirement
regarding the disclosure of particulars of conservation of energy and
technology absorption prescribed by the rules is not applicable.

12. FOREIGN EXCHANGE

The Company had no foreign exchange inflow or outflow during the year
under review.

13. CORPORATE GOVERNANCE

As per the Listing Agreement with the Stock Exchanges, the Company has
implemented the Code on Corporate Governance. The Corporate Governance
compliance certificate obtained from the Auditors of the Company is
attached to this report.

The Management Discussion and Analysis Report and the Report on
Corporate Governance are given in the annexure attached to this report.
The Board members and Senior management personnel have confirmed
compliance with the Code of conduct .

14 EMPLOYER EMPLOYEE RELATIONSHIP

The Company has maintained a cordial relationship with its employees,
which resulted in smooth flow of business operations during the year
under review.

15. ACKNOWLEDGEMENTS

Your Directors acknowledge the support and owe a debt of gratitude to
the Shareholders, Investors & Bankers. Your Directors are also thankful
to its clients for their continued faith and support reposed in them.
Last but not the least. your Directors place on record their sense of
appreciation for the valuable contribution made by the employees of the
Company.

On behalf of the Board of Directors
For ATN International Limited

Santosh Kumar Jain Tarak Nath Dutta
Managing Director Director

Registered Office ;

10, Princep Street,
2nd Floor.
Kolkata - 700 072

Date : 28th May, 2011

Mar 31, 2010

The Directors have pleasure in presenting the Twenty-Sixth Annual
Report of the Company together with the Audited Accounts for the year
ended 31st March, 2010.

1. FINANCIAL HIGHLIGHTS

The working results of the Company for the year under review are given
below :

To conserve the resources of the Company for future expansion, the
Board have decided not to recommend any dividend for the year under
review.

3. PERFORMANCE REVIEW

The performance of the Company during the current year has not improved
in comparison to previous year due to several reasons. Your Directors
are making all efforts to improve the performance of the Company
further in future.

4. LISTING OF EQUITY SHARES

The Equity Shares of your Company are presently listed on three Indian
Stock Exchanges viz. National Stock Exchange (NSE), Bombay Stock
Exchange (BSE) and Calcutta Stock Exchange (CSE).

Companys shares are not traded In material volumes at stock exchanges
other than NSE and BSE. NSE and BSE account for more than 95% of the
Traded volumes of the Companys shares and have extensive networking of
trading terminals, which facilitates trading by Members/Investors,
Listing fees for the financial year 2010-11 have been paid to NSE, BSE
and CSE,

5. FIXED DEPOSITS

The Company has deposited the amount of outstanding matured deposits in
a separate account in terms of Company Law Soard order dated 25th
August. 2005 to secure the depositors. The outstanding matured deposits
as on 31ST March, 2010 was Rs. 498,000/- due to 31 no, of deposit
holders,

During the year under review, your Company has not accepted any
deposits within the meaning of Section 58A of the Companies Act, 1956
and the Rules made there under.

6. DIRECTORS

(I) Re-appoimment:

As per the provisions of the Article of Association of the Company,
Shri Hari Ram Agarwal, retires by rotation and being eligible offers
himself for re-appointmenL The Board recommends his re-appointment for
consideration of the shareholders.

7. DIRECTORS RESPONSIBILITY STATEMENT

Pursuant to the requirement under Section 217(2AA) of the Companies
Act, 1056, with respect to Directors Responsibility Statement, it is
hereby confirmed r

a. That In the preparation of the accounts for the financial year
ended 31st March, 2010, the applicable accounting standards have been
followed along with the proper explanation relating to material
departures;

b. That the Directors have selected such accounting policies and
applied them consistently and made judgments and estimates that were
reasonable and prudent so as to give a true and fair view of the state
of affairs of the Company at the end of the financial year and of the
profit of the Company for trie year under review;

c. That the Directors have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1956, for safeguarding the assets of
the Company and for preventing and detecting fraud and other
irrs-gularities;

d. That the Directors have prepared the annual accounts for the
financial year ended 31 st March, 2010 on a going concern basis.

B. AUDJTORS REPORT

All the items on which the Auditors have commented in their report have
been explained in Schedule - 20 of Notes on Accounts.

9, AUDTORS

Messers. Shambhu Kedia & Co., Chartered Accountants, Auditors of the
Company, retire at The conclusion of The forthcoming Annual General
Meeting and have consented to continue in office, if appointed. They
have confirmed that their appointment, if made, will be in accordance
with the limits specified in Section 224(lB)ofthe Companies Act, 1956.

10. EMPLOYEES

None of the employees were in receipt of remuneration In excess of the
limits specified under Section 217(2A) of the Companies Act, 1966 read
along with Companies (Particulars of Employees) Pules, 1975.

11. STATUTORY INFORMATION

Tha Company being basically in the financial sector, requirement
regarding the disclosure of particulars of conservation of energy and
technology absorption prescribed by the rules is not applicable.

12. FOREIGN EXCHANGE

The Company had no foreign exchange inflow or outflow during the year
under review.

13. CORPORATE GOVERNANCE

As per the Listing Agreement with Che Stock Exchanges, the Company has
implemented The Code on Corporate Governance. The Corporate Governance
compliance certificate obtained from the Auditors of the Company is
attached to this report.

The Management Discussion and Analysis Report and the Report on
Corporate Governance are given in the annexure attached to this report.
The Code of Conduct is available on the Companys website
www.atnlnternational.co.in. The Board members and Senior management
personnel have confirmed compliance with the said code.

14. EMPLOYER EMPLOYEE RELATIONSHIP

The Company has maintained a cordial relationship with its employees,
which resulted In smooth flow of business operations during the year
under review.

15. ACKNOWL EDGEMENTS

Your Directors acknowledge the support and owe a debt of gratitude to
the Shareholders, Investors & Bankers. Your Directors are also thankful
to its clients for thair continued faith and support reposed in them.
Last but not the least, your Directors place on record their sense of
appreciation for the valuable contribution made by the employees of the
Company.